Procurement Intelligence: Unlocking Market Trends with Jabil’s Graham Scott

In this enlightening episode of the Digital Supply Chain podcast, I had the pleasure of delving into the world of procurement intelligence with Graham Scott, VP of Global Procurement at Jabil. Graham unveils how the Procurement Intelligence Platform (PIP) at Jabil has been a game-changer in navigating complex supply chain waters. He sheds light on how data-driven insights from PIP have become a cornerstone for effective negotiations with suppliers and creating stories that resonate.The semiconductor conundrum is a hot topic we touch upon. The demand for semiconductors is skyrocketing, yet the capacity to meet this demand is lagging, posing a significant question mark on the future of semiconductor supply. Graham's insights into the China plus one strategy and the pause in fab development are eye-opening.Our conversation transitions into how the smartification of everyday items is propelling semiconductor demand further. From smart toasters going on the blink to WiFi-enabled LED lights, the burgeoning demand is undeniable. Yet, the pause in fab development could spell trouble in the near future.Graham also shares how Jabil’s market intelligence isn’t just an internal asset but a valuable resource for their customers. By offering a glimpse into lead time trends, pricing information, and supply dynamics, they help customers foresee potential supply risks and technology shifts.The feedback from customers has been overwhelmingly positive, and the proactive stance Jabil takes in sharing this intelligence is a testament to their forward-thinking approach in a market that’s constantly evolving.Lastly, Graham emphasises the importance of a long-term perspective in procurement decisions, urging entities to look beyond the immediate quarters and consider the larger picture.It was a rich dialogue filled with invaluable insights that procurement professionals and supply chain enthusiasts will find extremely beneficial. Also, don't forget to check outElevate your brand with the ‘Sustainable Supply Chain’ podcast, the voice of supply chain sustainability.Last year, this podcast's episodes were downloaded over 113,000 times by senior supply chain executives around the world.Become a sponsor. Lead the conversation.Contact me for sponsorship opportunities and turn downloads into dialogues.Act today. Influence the future.Support the showPodcast supportersI'd like to sincerely thank this podcast's generous supporters: Lorcan Sheehan Olivier Brusle Alicia Farag Luis Olavarria Alvaro Aguilar And remember you too can Support the Podcast - it is really easy and hugely important as it will enable me to continue to create more excellent Digital Supply Chain episodes like this one.Podcast Sponsorship Opportunities:If you/your organisation is interested in sponsoring this podcast - I have several options available. Let's talk!FinallyIf you have any comments/suggestions or questions for the podcast - feel free to just send me a direct message on Twitter/LinkedIn. If you liked this show, please don't forget to rate and/or review it. It makes a big difference to help new people discover it. Thanks for listening.